Facebook changes Diem: from opponent to ally of Fed and ECB on digital currencies
Project leader Catalini meets investors at Mediobanca’s RegEvent and explains that the platform of the Coin Diem building can become the US and EU outpost waiting for the digital dollar and euro. China is tightening the pace for its CBDC
by Alessandro Graziani
July 8, 2021
The key points
• The impact on the financial sector
• The “institutional turning point”
Facebook’s Diem stablecoin project, in the new version no longer in conflict with the institutions, is available to central banks to implement their digital currency projects (Cbdc). This was reiterated yesterday by Cristian Catalini, chief economist of Diem (formerly Libra), Facebook’s digital currency program, speaking at the first RegEvent (Regulatory Event) organized by Mediobanca.
Answering the questions of Andrea Filtri, Mediobanca’s co-head of equity research and expert …